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Indigo® Platinum Mastercard®

Indigo® Platinum Mastercard®

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Indigo® Platinum Mastercard®
  • Regular Purchase APR 24.9%
  • Cash Advance APR 29.9%
  • Annual Fee $0 to $99 depending on the card issued
  • Credit Needed Poor
  • Processing Network Mastercard
Best Benefits
  • Great for demonstrating responsible use of credit
  • Short and easy-to-complete pre-qualification form
  • 24/7 mobile account access
  • Choose your card design free of charge
Rates & Fees
  • Regular Purchase APR: 24.9%
  • Cash Advance APR: 29.9%
  • Cash Advance Transaction Fee: $0 during the first year; after first year, either $5 or 5% of the amount of transaction.
  • Penalty APR: 29.9%
  • Annual Fee: $0 to $99 depending on the card issued
  • Foreign Transaction Fee: 1% of each transaction
  • Late Payment Penalty Fee: Up to $40
  • Return Payment Penalty Fee: Up to $40
  • Over Limit Penalty Fee: Up to $40

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At a Glance

The Indigo® Platinum Mastercard® is rapidly becoming recognized as a top credit card option for applicants with less-than-perfect credit. Life happens and sometimes you miss a payment or make a payment after the deadline. For anyone who has seen their credit score drop it may seem impossible to dig out of that hole, since many credit card issuers will not approve applicants with poor credit. The Indigo Card, however, is a great resource for anyone who wants to establish, build or repair their credit score – while receiving a credit limit of $300. Benefits of the Indigo Platinum Mastercard include quick pre-qualification with no impact to your credit score, 24/7 mobile account access, chip card technology, and more.

Ideal for Those Who:

  • Want to build or repair their credit score
  • Have a history of poor credit and have been declined by other credit card issuers
  • Want a credit card whose application will not impact their credit score
  • Would like to show some personality with a customizable card design
  • Will make regular, on-time payments to build and repair credit
  • Would like a tool for building credit that is accepted worldwide – anywhere Mastercard is accepted

Indigo® Platinum Mastercard® Review

The Indigo Platinum is a credit card that is designed specifically for applicants with poor or no credit. All too often, credit card issuers reject an application due to a history of poor financial responsibility. The Indigo Platinum Mastercard aims to help those who have been rejected for other cards to rebuild their credit score and reach the larger goal of qualifying for an unsecured credit card. Issued by Celtic Bank through a partnership with Genesis FS Card Services, Inc., this card is a unique product that specializes in helping consumers with limited or damaged credit make a fresh start. The application process with the Indigo Card is quick and easy. There is an online pre-qualification form on their website where you can provide basic details without a hard inquiry, so there is no impact to your credit score. Once you’ve applied and are approved, Indigo reports your responsible use of the card to all three major credit bureaus – TransUnion, Equifax, and Experian. You’ll have a decision regarding approval for the Indigo Card very quickly – often as soon as 60 seconds after submitting your pre-qualification application.

What is the Indigo® Platinum Mastercard® Annual Fee?

Once the application has been reviewed, approved applicants will need to pay their annual fee to activate their account. Applicants can be approved for one of three card offers, depending on their creditworthiness. Each card offer has the same purchase APR, while the annual fee varies:

Offer 1: An annual fee of $75 for the first year and $99 thereafter.

Offer 2: An annual fee of $59.

Offer 3: An annual fee of $0.

Remember, this is still a credit card application – although approval odds may be higher than with other card offers, approval is not guaranteed. Not everyone will qualify for the lowest annual fee (or APR, as terms are subject to change). Establishing a good payment record using this card may lead to the cardholder receiving better rates on upcoming big-ticket purchases, including homes and vehicles. It could even lead to an upgrade to other forms of credit, like an unsecured credit card or a card with a rewards program.

What is the Indigo® Platinum Mastercard® Credit Limit?

Each approved cardholder will be able to utilize a credit line of $300. Although this is not an high credit limit, it can help the cardholder to build responsible credit habits, since such a low credit line may discourage over-spending. Typically, most secured credit cards require a security deposit. For applicants of the Indigo Card, no deposit is necessary to open an account.

Indigo Card Benefits

In addition to giving applicants with poor credit the opportunity to rebuild their standing with the credit bureaus, the Indigo Platinum card is sure to please with 24/7 mobile account access and an additional layer of fraud protection via chip card technology. Monitoring account activity, paying bills, checking the card’s balance or reviewing transaction history is easy thanks to the Indigo Platinum Account Management site – accessible from any mobile device, desktop or tablet. This convenient app makes it simple to pay balances on time and begin improving one’s financial status. The card is even customizable. Once approved, you can choose your own card design at no additional charge so you can personalize your Indigo Platinum card. This will let your personality show whenever you use your card to make a purchase. Add to this a true commitment to customer service, with dedicated resources to help cardholders navigate the often-confusing world of building credit, and this card offer is hard to pass up for anyone looking to repair their financial history.

Should You Apply for the Indigo® Platinum Mastercard® from Celtic Bank?

It isn’t easy having poor (or no) credit. Luckily, the Indigo Platinum card is here to help anyone who needs to build, or rebuild, their credit profile. Your approval is based on your credit history, and although qualification isn’t guaranteed, there is good news: If you apply for this tool for building credit, there is no hard inquiry to your credit report unless you qualify and are approved. Unlike a secured card, the Indigo Mastercard does not require a deposit to open an account, and the credit limit if $300 may not seem like a lot, but it is fair considering there is no required deposit. Since your account activity is reported to each of the three major credit bureaus, cardholders who demonstrate financial responsibility will see their credit score rise periodically until they are able to qualify for a different credit card offer. All in all, for anyone who is looking for a financial tool to build their credit or improve their credit profile, the Indigo Platinum Mastercard is a great place to start. You can quickly check to see if you’re approved by visiting their website at indigocard.com. If you’ve received a mail offer, you can apply using that, too. You’ll have an answer in as little as 60 seconds.